New Web financial tool gives you the big picture
NEW YORK — What impact would eight weeks of motherhood leave have on your dual-income family?
How would a change in special treasury affect your hopes and dreams?
These are the kinds of questions many consumers ask themselves, yet few do-it-yourself financial planning tools are modified to answer.
Unless you consider power to afford a highly paid financial mentor, you have probably grappled with some of the current online offerings for budgeting and monetary tracking.
But traditional personal-finance software, expense aggregators and budget calculators like as Quicken give merely a one-dimensional picture of the current category of your financial house.
A new Web application that takes into account not only that, but also the impact of specific future life events such as births, marriages and retirement, Voyant@Home — www.planwithvoyant.com — offers a holistic view of how your rife savings and spending rates might affect your long-term goals.
Voyant’s honestly innovative feature is that within minutes it can help you visualize the big-picture outcomes of key life decisions.
Once you have identified a goal — say, buying a house — and input your current account balances and the value of any other assets you may have, the implement crunches the numbers and forecasts for what reason close you actually are to fulfilling that goal.
For case in point, Voyant’s snapshot feature can give you a concrete idea of how lengthy a maternity leave you be able to supply based on the income and savings you and your partner share, without jeopardizing your long-term financial well-being.
In addition, a timeline feature shows you in posse obstacles and opportunities, so as market performance, that may affect your success. Over time, the practice can heal you measure progression against your established goals.
“Our goal is to empower consumers to participate more directly and frequently in the financial-planning process, and to help them understand the immediate impact of specific planning assumptions,” says David Kaufman, CEO and founder of the company.
A core constituent of Voyant is the application’sitting social-networking platform, which allows users to trade ideas and seek solutions from friends, family and other members with homogeneous interests.
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